Blogroll

The green markers on the map above illustrate all of the homes currently on the market in South Miami. As you will see they are pretty evenly distributed east and west of US1. You tend to get more house for your money on the west side of US1 where the average list price per square foot is $212.00. On the east side we see an average list price per square foot of $291.00. As for the luxury home market in South Miami, all but one of the $1,000,000+ homes are located east of US1.

Real estate activity remains busy in the High Pines/Ponce Davis areas. Last week the property listed by EWM Realtors at 4920 SW 77th Street sold for $2,325,000 (the list price was $2,695,000). This home was built by Mackle Construction and featured 5,412 square feet of living area, 7 bedrooms, 8 baths, gourmet kitchen, family room with wet bar, media room, upstairs family room plus many more special features. For more photos and information of this Ponce Davis property, click here.

I also want to mention a Mediterranean style home that recently came on the market for sale located at 7255 SW 54th Court in High Pines. The home features 5,102 square feet of living space with 5 bedrooms, 6 baths, Spanish style courtyard, chef’s kitchen and an oversized master bedroom. The list price is $1,620,000 and is listed by Fortune. For more photos and information of this High Pines home, click here.

If you are interested in viewing this property or any others in the South Miami, High Pines or Ponce Davis areas and are looking for an experienced realtor to assist you please give me a call on my cell at 305.342.1623 or send me a message here.

I am often asked how people can find the “sale prices” of homes on the internet for properties in the Miami area. Look no further than right here. I offer this as a free service to my blog readers. Whether you are a buyer or seller, this is information that is hard to find elsewhere. The data comes directly from the MLS, the same system realtors use!

Here are two scenarios:

(1) A Buyer interested in a single family home in the South Miami area wants to know what he can get for $500,000. He enters in his criteria into the form and he will receive an e-mailed “Market Snapshot” of homes that have sold and that have recently come on the market in his price range.

(2) A South Miami owner who wants to stay on top of what homes are selling in his neighborhood. He will receive an e-mailed “Market Snapshot” of homes that have sold and recently come on the market near his address.

This home in High Pines sold at $223.00 per square foot which is $33.00 less than the average new construction home selling right now in High Pines. The home was Mediterranean style with 5,196 square feet of living space and featured 5 bedrooms/6 baths. The list price was $1,390,000 and the home sold for $1,160,000. The address of the property is 7901 SW 54th Court.

Real estate is transacted differently in cities all across the country. In some cities it is not uncommon for a buyer to work with multiple buying agents at the same time. Each agent has their own inventory of property and the client will go from realtor to realtor viewing what they have on the market. It is an accepted and expected practice.

In South Florida, real estate agents operate in a different manner. The Realtors here put all of their properties into a “Multiple Listing Service” which all licensed agents have access to. Therefore, if you give any agent your criteria they can show you any house on the market despite it being listed by another agent. The agents then split the commission (paid by the seller) 50/50. This method is obviously beneficial to the buyer who never has to wonder if they are getting to see ALL of the inventory. The downfall to our system is that Realtors can spend days upon days showing property to a buyer only to find out that they have also been working with another agent.

It has happened to me and I can say with certainty that it has happened to every other agent in town as well. Now after 10 years in the business one of the first questions I ask my buyers is: “Are you already working with another agent?”, if the answer is yes then I wish them luck and send them on their way.

Today I had to make an unfortunate call to a fellow agent to let her know that the clients who she has been working with showed up at one of my listings with another agent. It is better for her to know now rather than be blindsided later if they decide to make an offer with another realtor. Of course, she had no idea.

I can’t stress enough that if you are getting good service from your current realtor there is no reason to simultaneously work with another agent, we all have access to the same properties!

If you are interested in buying or selling real estate in the South Miami, High Pines or Ponce Davis areas and are looking for an experienced realtor, don’t hesitate to contact me at 305.342.1623 or send me a note here.